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Post by likeike on Feb 26, 2024 19:41:35 GMT
@nfg-long It is amazing how Aardvark/EK with his bizarre posting, continues to show his lack of knowledge regarding mineral exploration companies. New Found Gold is in the process of de-risking their project. With very little intelligence, it's easy to understand the fact that New Found Gold has made huge progress towards de-risking their project. If the Seismic drilling program assists them in finding more zones, particularly deep source zones, IMO NFG will be at near 100% de-risked. At that point, probably in the near future, NFG will be able to decide their next step. My guess would be allowing something in the neighborhood of a 20% buy-in from a major mining company. Before that happens, a Spinco of Q.S. or another portion of NFG's massive property would not surprise me
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Post by likeike on Feb 26, 2024 20:17:54 GMT
Post by hashboy18on Feb 26, 2024 3:05pm
14 Views Post# 35899777
I wish i could short this
its a great short heading down no matter gold does.
IKE here ...record halted at 14 posts in a row ....posted on one of his aliases just so people don't think he's talking to himself but he is.
SH should be proud for allowing this.
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Post by sanderson on Feb 26, 2024 20:53:38 GMT
"My guess would be allowing something in the neighborhood of a 20% buy-in from a major mining company. Before that happens, a Spinco of Q.S. or another portion of NFG's massive property would not surprise me"
New member here: Let me ask the stupid question of the day...Am I correct that your term 'SPINCO' is referring to spinning off shares in a portion of their massive property to existing shareholders?
If yes, that would be great so...Has anyone from the company ever hinted at such an idea?
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Post by likeike on Feb 27, 2024 14:55:19 GMT
Spinco IMO can mean so many things and can be used in new and creative ways. Any spinco here I would give more credit to Paul Matysiuk who I think still serves
in some capacity to NFG but is now doing a spinco with NKG ...CK's other company. He is the king of spinco and is well known in the institutional world.
He has always managed to do things in new and creative ways that the market and powers that be will bear. There has never been any hint but Paul Matysiuk has
always worked in the back ground and has always been spin city.
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